Yen Slides as Fitch Downgrades Japan
The Japanese yen fell today as Fitch Ratings downgraded Japan’s sovereign credit rating because country’s actions to reduce public huge public debt are too slow.
GBP/USD Makes Slim Recovery Attempts
On Monday Pound/Dollar traded within 60 pip range. The Cable appreciated from 1.5778 to 1.5842 yesterday, in converse with the negative money flow sentiment at nearly -14%, closing the day at 1.5832. Today the British Pound pushed slightly further up, ...
EUR/USD - Eyes on EU Summit
With the euro and euro-zone struggling, the markets are anxiously hoping that Wednesday’s EU Summit will lead to some tangible results. Skeptics might argue that diplomatic protocol will be needed to ensure that it doesn’t become a Merkel-Holland
EUR/USD Forecast May 22, 2012, Technical Analysis
The EUR/USD pair had a positive session on Monday as the bounce continued from the Friday session. The pair has been massively oversold in the last couple of weeks, so this bounce was bound to happen sooner or later. However, in the big scheme of
USD/JPY Forecast May 22, 2012, Technical Analysis
The USD/JPY pair rose during the Monday session as the 61.8 Fibonacci level offered support. The 79 handle is also there, and this was probably part of the reason as well. The market had been sold off massively during a couple of sessions last we
GBP/USD Forecast May 22, 2012, Technical Analysis
The GBP/USD pair rose slightly during the Monday session as the 50% Fibonacci level continues to hold the market up. The hammer from the Friday session had us looking at a possible buy in this pair, but we never got the nice break above the highs
USD/CAD Forecast May 22, 2012, Technical Analysis
The USD/CAD pair fell on the session for Monday and the action was very weak. This pair has recently broken out to the upside recently, and the 1.01 level now should be supportive all the way down to the parity area. The oil markets have been get
NZD/USD Forecast May 22, 2012, Technical Analysis
The NZD/USD pair bounced on Friday as the oversold condition finally caught up with the bears. However, the trend is most certainly down, and the weekly chart looks absolutely horrible. The 0.75 level was a natural place to see a bounce, and beca
GBP/USD Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendations:The GBP/USD fell by a few pips to trade at 1.5794. This pair followed to overall tone of the markets today, with little data and a quiet political scene, the markets were less volatile and volume was down as investo
Indonesia - Market Factors to watch - May 22
JAN-APRIL STEEL OUTPUT DOWN 50 PCT TO 1.5 MLN TONNES The Indonesian Iron & Steel Industry Association says domestic steel production from January to April reached 1.5 million tonnes, down 50 percent from 3 million tonnes in ...
US wheat falls back despite USDA reporting Kansas wheat damage
Chicago Board Of Trade July wheat futures slid 0.96 percent despite the US Department of Agriculture reporting deteriorating wheat quality in Kansas, the largest wheat producer in the United States. Wheat firmed 1.4 percent on Monday.
Australian Dollar Outlook - 05/22/2012
Oil finished slightly higher commitment to growth. There are no economic events scheduled for Australia. China's PMI for May is due which will be closely studied. It to gain traction. The OECD releases its semi-annual Economic Outlook Europe.


